What Oil Companies Can Do To Cut The Demand For Oil
Increasing pressure on major oil companies has forced many to make promises to reduce the extraction of their main fossil…
Category: Local
Experts Blame Insecurity As Nigeria’s Agric Imports Exceed Exports By N503bn
The total value of agricultural import exceeded export by N503bn in the first three months of the year. Statistics obtained…
Oil Price Exceeds $73 On Improving Demand Outlook
The international price of crude oil continued its rise yesterday, extending three weeks of gains on the back of improving…
Central Bank Of Nigeria To Unveil Digital Naira This Year
The Central Bank of Nigeria (CBN) is to unveil a digital currency, Director of the Information Technology Department, Rakiya Mohammed,…
CBN May Nationalise Ailing Unity Bank As Talks With Investors Fail
The Central Bank of Nigeria (CBN) may nationalise ailing Unity Bank Plc over its troubled and unhealthy state, in its…
Naira Loses 88 Kobo At I&E Amid Low Trades
It was a bad day for the Nigerian Naira at the Investors and Exporters (I&E) segment of the foreign exchange…
CBN’s Digital Currency’ll Begin Before 2022– Bankers’ Committee
The Director-Information Technology Department, Central Bank of Nigeria, Mrs Rakiyat Mohammed, has said that the banking regulator will launch a…
OPEC Sees Oil Demand Recovery Gaining Strength In Second Half
OPEC predicted that the recovery in global oil demand will gather strength in the second half of the year, as…
FG Declares June 14 Public Holiday To Mark Democracy Day
The Federal Government has declared Monday, June 14 as a public holiday to mark this year’s Democracy Day celebration. The…
Central Bank Of Nigeria Issues New Framework For Payment System Providers
On 9th December 2020, the Central Bank of Nigeria (CBN) the Central Bank of Nigeria (CBN) issued a circular on “New…
Nigeria Taps StanChart To Replace China Loans For Rail Projects
Nigeria’s government is in talks with Standard Chartered Plc about arranging funding for two rail projects expected to cost as…
Inflation, Hunger Loom Over Fresh Strike By Food Sellers
The Amalgamated Union of Food Stuff and Cattle Dealers of Nigeria (AFUCDN) has threatened to cut the supply of foodstuff…
Buhari Defends $1.9bn Nigeria-Niger Republic Railway Project
The President, Major General Muhammadu Buhari (retd.), has defended his decision to construct railways and roads extending into Niger Republic.…
Nigeria Now Wants Twitter, Others Registered Before Talks On Ban
Nigeria has gone a step further in its logjam with microblogging platform Twitter, insisting there will be no dialogue until…
Emefiele: Local, Foreign Banks Invested $10b In Dangote Refinery
Nigerian banks and their foreign counterparts invested between $9 billion and $10 billion in the Dangote Refinery, Fertilizer Plant and…
Nigeria To Borrow $1.76 Bln For Security Spending –FinMin
Nigeria plans to borrow 722.53 billion naira ($1.76 billion) from domestic capital markets for additional security spending, Finance Minister Zainab…
Reps Direct CBN To Urgently Check Further Devaluation Of Naira
The House of Representatives on Wednesday directed the Central Bank of Nigeria (CBN) to urgently put in place a policy…
BDC Directors Pledge Support For Exchange Rate Stability
Bureaux De Change (BDC) directors have reiterated their commitment to ensuring stable exchange rate in the country. This was part…
Nigeria Coconut Market Worth Over $6 Billion – Minister
The Minister of State Industry Trade & Investment, Marian Katagum, has advised coconut farmers to harness the global potential market…
Oil Prices And Foreign Exchange (FX) Reserves
One can almost hear the sigh of relief coming from Abuja. Oil prices are up and the immediate threat to…
How Graft At Seaports Fuels Nigeria’s Poor Rating On Global Corruption Index
Stakeholders in the maritime sector have lamented how corruption in Nigeria’s seaports has marred the ease of doing business in…
Anxiety As CBN Raises Customs Exchange Rate For Cargo Clearance To N404.97/ $1
There was uneasy calm at the nation’s seaports on Tuesday following an increase in the exchange rate for cargo clearance…
FG: AfCTA To Boost Africa’s Exports By $560bn
When fully operational, the African Continental Free Trade Area (AfCFTA) agreement will boost exports in the continent by at least…
CBN Increases Forex Allocations To Banks
The Central Bank of Nigeria on Sunday announced an increase in foreign exchange allocations to banks to meet the requests…
CBN’s Pro-Growth Stance, Is The Right Decision
The Central Bank of Nigeria’s Monetary Policy Committee’s recent decision to keep all policy rates unchanged, and to leave the…
FMDQ Commends CBN For Restoring Transparency In FX Market
The Chief Executive Officer, FMDQ Group, Mr. Bola Onadele. Koko, has hailed the Central Bank of Nigeria (CBN) for activating…
Nigeria Loses Billions Of Naira Over Deficient Dry Dock Facilities
Despite controlling about 70 per cent of shipping and international trade in West and Central Africa, Nigeria’s lack of viable dry…
FG Loses 50% Vehicle Import Duty, Levies To Smugglers – Report
The federal government is losing billions of naira in duties payable on imported vehicles as 50 per cent of such…
Nigeria Immigration Reopens Passport Application Portal
The Comptroller General of the Nigeria Immigration Service (CGI), Muhammad Babandede, has announced the reopening of the passport application and…
Counting The Gains Of CBN’s Funding Interventions For MSMEs
The gains of the Micro, Small and Medium Enterprises Development Fund (MSMEDF) driven by the Central Bank of Nigeria, CBN,…